Helsinki district court dismisses all charges against Nokian Tyre for alleged delayed stock exchange release

Helsinki, Finland – Prosecutors in Finland pressed charges in the fall 2020 for a disclosure offence against Hille Korhonen, Raimo Lind, Inka Mero, Hannu Penttilä and Petteri Walldén, who acted as members of Nokian Tyres plc’s Board of Directors in 2015–2016 and against Ari Lehtoranta, who acted as President & CEO at the same time. The charges related to a stock exchange release given by the company on 29 February 2016, which was allegedly delayed. The prosecutor claimed a corporate fine against Nokian Tyres.

In addition, four persons who were employees at Nokian Tyres in 2015 were charged for abuse of inside information.

The District Court of Helsinki has dismissed all charges and claims by the prosecutor in its ruling.

The company will not comment on the matter.